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Greetings everyone,
In 1986 when we bought this farm, the money we paid for it would have =
bought about 170,000 NAB shares. If we sold out tomorrow we could,at =
best, buy only about 60,000 NAB shares. I wish........I wish..........
Regards,
David Clayton
Warragul
--- Original Message -----=20
From: vikki templeton=20
To: vicdairy-l@unimelb.edu.au=20
Sent: Thursday, February 02, 2006 6:59 PM
Subject: Re: Land and cattle prices.
Hello all,
Just on Tim's point on land values and cattle prices.
The higher price of land has allowed a lot of farmers to at least =
walk away from the industry with some money in their pockets. It also =
means that the new owner of that property has to also get another 30% =
return on his investment from the same farm that the last fella =
struggled to justify keeping on it's value.
That is for a $1,000,000 farm to be viable against bank interest, it =
needs to generate at least $60,000 return at 6%. The new farmer, same =
farm, now worth $1,300,000 has to generate a return of investment of =
$78,000. Pretty hard task when costs keep rising no matter how efficient =
the new farmer is, for that farm to generate another $18,000 to justify =
its worth as a business.
In regards to cattle prices lifting, is probably due to the lack of =
replacements, thanks to the export job.
What is going to happen when that nice little side order is no =
longer going to be available as an income prop?
Thanks
Vikki
=20
=20
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<DIV style=3D"FONT: 10pt arial">
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><FONT face=3DArial =
size=3D2>Greetings everyone,</FONT></DIV></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>In 1986 when we bought this farm, =
the money we=20
paid for it would have bought about 170,000 NAB shares. If we sold =
out=20
tomorrow we could,at best, buy only about 60,000 NAB shares. I=20
wish........I wish..........</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Regards,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>David Clayton</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Warragul</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
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<DIV style=3D"FONT: 10pt arial">--- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dvtempleton@iprimus.com.au=20
href=3D"mailto:vtempleton@iprimus.com.au">vikki templeton</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dvicdairy-l@unimelb.edu.au=20
=
href=3D"mailto:vicdairy-l@unimelb.edu.au">vicdairy-l@unimelb.edu.au</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, February 02, =
2006 6:59=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: Land and cattle=20
prices.</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">Hello=20
all,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">Just on Tim=92s=20
point on land values and cattle prices.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: Arial">The =
higher=20
price of land has allowed a lot of farmers to at least walk away =
from the=20
industry with some money in their pockets. It also means that the =
new owner=20
of that property has to also get another 30% return on his =
investment from=20
the same farm that the last fella struggled to justify keeping on =
<SPAN=20
class=3DGramE>it=92s</SPAN> value.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">That is for a=20
$1,000,000 farm to be viable against bank <SPAN =
class=3DGramE>interest,</SPAN>=20
it needs to generate at least $60,000 return at 6%. The new farmer, =
same=20
farm, now worth $1,300,000 has to generate a return of investment of =
$78,000. Pretty hard task when costs keep rising no matter how =
efficient the=20
new farmer is, for that farm to generate another $18,000 to justify =
its=20
worth as a business.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: Arial">In =
regards to=20
cattle prices lifting, is probably due to the lack of replacements, =
thanks=20
to the export job.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">What is going=20
to happen when that nice little side order is no longer going to be=20
available as an income prop?<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">Thanks<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">Vikki<o:p></o:p></SPAN></FONT></P>
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yes"> </SPAN><o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BLOCK=
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